Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

DOI10.1111/1468-0262.00179zbMATH Open1023.91506OpenAlexW2892299916MaRDI QIDQ4530999FDOQ4530999

John H. Cochrane

Publication date: 28 May 2002

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w6771.pdf

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Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

Cited In (16)

• A note on optimal fiscal policy in an economy with private borrowing limits
• Infinite-maturity public debt and the fiscal theory of the price level
• Finite lifetimes, long-term debt and the fiscal limit
• Monetary-fiscal interaction and quantitative easing
• The central bank, the treasury, or the market: which one determines the price level?
• On default and uniqueness of monetary equilibria
• Monetary policy with interest on reserves
• A remark on the fiscal theory of price determination
• Redistribution and the monetary‐fiscal policy mix
• Self-fulfilling deflations
• Perils of unconventional monetary policy
• Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure
• Dynamic portfolio choice without cash
• The macroeconomic implications of deficit financing under present bias
• Financial frictions and the fiscal theory of price level determination
• Term structure and forward guidance as instruments of monetary policy

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